Venezuelan crude: The prize beneath the chaos
As Trump pivots from hunting narcoterrorists to promising oil profits, the fate of the broken Latin American nation is being rewritten
Add BT as a preferred source
THE predawn raid that removed Nicolas Maduro from power on Jan 3 marked the most dramatic US regime change operation in Latin America in recent decades.
Yet, within hours of announcing the military strike, US President Donald Trump’s rhetoric shifted from narco-trafficking justifications to something far more candid: oil.
“We’re going to have our very large United States oil companies go in, spend billions of dollars, fix the badly broken infrastructure,” Trump declared, making explicit what many had long suspected lay at the heart of escalating US pressure on Venezuela.
TRENDING NOW
DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Singapore private housing is ‘decoupling’ from HDB market as buyer pools diverge: NUS survey
Not in education, employment or training: Why more Hong Kong youths are opting out of work
